AN ACT RELATING TO TOWNS AND CITIES -- LOW AND MODERATE INCOME HOUSING

SB 503, "AN ACT RELATING TO TOWNS AND CITIES -- LOW AND MODERATE INCOME HOUSING," seeks to amend existing definitions related to low and moderate-income housing. The bill modifies criteria for what qualifies as "low- or moderate-income housing" and how units are counted towards a municipality's affordable housing inventory. It specifies that certain mobile or manufactured homes can count as one-half of a unit, and rental properties secured with federal assistance vouchers can count as one whole unit, provided specific conditions are met. This legislation aims to refine the framework for establishing and tracking affordable housing in cities and towns.